Bank of America Global Markets President Jim Demare joins the mornings of Maria ‘to weigh the success of the world markets, despite the initial rate of uncertainty and the urge of President Donald Trump for AI -Domaninance in the US
President Donald Trump Enter the last days before his global trading theadline, the tariff income has so far increased to a record of $ 150 billion this year.
The US collected almost $ 28 billion in customs duties in July, the highest monthly total this year, according to the data “customs and certain excise duties” of the Treasury Department. The figures in July, based on data up to and including 25 July, have already surpassed the monthly record of June of $ 27 billion.
In January, tariff income floated around $ 7.9 billion and more than doubled in April to $ 16.3 billion.
A complete timeline of the tariff implementation strategy of Trump around the world
The revelation comes as Trump enters the last week of trade negotiations with high deployment. On Sunday, the president concluded a deal with the European Union, the largest trading partner in America, only a few days after he had announced a separate agreement with Japan.
President Donald Trump shakes the hands of the President of the European Commission Ursula von der Leyen while on July 27, 2025 he announces a trade agreement with the EU at Trump Turnberry Golf Club in Turnberry, Scotland. (Brendan Smialowski / AFP via Getty images) / Getty images)
Treasury Secretary Scott Bessent Has said earlier that the administration predicts that rates can generate more than $ 300 billion in income for the federal government. While the Trump administration praises the rising tariff income, it is American companies that pay that higher import tax to the federal government.
However, the economic burden can ultimately be passed on to American consumers through higher prices.
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